Funding arb · Price arb /

RAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.133%

Price spread now: HTX against Variational Omni+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.062% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni RAVE	0.2026	0.0100	pay 0.0050% / 4h	49m 49s	$2K	$1K	—
Short	HTX RAVE-USDT	0.2028	0.0100	get 0.0050% / 4h	49m 49s	$45K	$42K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee HTXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → 0.000%: $6.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.81
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Variational Omni and HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RAVE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit RAVEUSDT	+0.0100%	4h	0.2025	−0.042%	$2.4M	$881K	25x	as long as short
Bitget RAVEUSDT	+0.0100%	4h	0.2033	+0.343%	$3.0M	$668K	20x	as long as short
Variational Omni RAVElong	+0.0100%	4h	0.2026	long leg	$2K	$1K	—
SunX RAVE-USDT	+0.0100%	4h	0.2027	+0.022%	$1K	$668K	20x	as long as short
HTX RAVE-USDTshort	+0.0100%	4h	0.2028	+0.062%	$45K	$42K	20x
OKX RAVE-USDT-SWAP	+0.0544%	4h	0.2028	+0.087%	$1.6M	$3.0M	20x	as long as short
BingX RAVE-USDT	+0.0576%	4h	0.2029	+0.136%	—	$2.3M	—	as long as short
BloFin RAVE-USDT	+0.0613%	4h	0.2030	+0.185%	$248K	$19K	20x	as long as short
MEXC RAVE_USDT	+0.0630%	4h	0.2027	+0.037%	$2.4M	$554K	50x	as long as short
Binance RAVEUSDT	+0.0646%	4h	0.2028	+0.080%	$4.5M	$3.7M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster RAVEUSDT	+0.0830%	4h	0.2026	−0.012%	$25K	$43K	5x	as long as short
KuCoin RAVEUSDTM	+0.1108%	4h	0.2024	−0.111%	$2.2M	$7.9M	20x	as long as short
Gate RAVE_USDT	+0.1522%	4h	0.2023	−0.160%	$1.0M	$451K	25x	as long as short